1610 State Blvd, Salem, OH 44460-1961
This exceptional 2.5-acre property located at 1610 State Boulevard in Salem, Ohio, presents a unique investment opportunity. Currently configured as a daycare center, the property is ideally suited for continued operation in this capacity, offering numerous existing learning and play areas ready for immediate use. The expansive 2.5-acre lot provides ample space for outdoor activities and potential expansion. The building's interior layout is designed to accommodate the needs of a daycare, featuring multiple rooms suitable for various age groups and activities. The property's convenient Salem location ensures easy accessibility for families and staff. This turnkey operation eliminates the need for extensive renovations or build-out, allowing for a swift commencement of business. The asking price of $250,000 represents a compelling value for a ready-to-operate daycare center on such a sizable lot. The property's potential extends beyond its current use
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.